MSOS - U.S. pot stocks rebound as Cantor names top picks

• U.S. Multi-State Operators are making a comeback on Tuesday after Cantor Fitzgerald reiterated Overweight ratings on four companies categorizing them as top picks in the beaten-down industry.
• Noting a growing trend of state-level legalization of cannabis, the analyst Pablo Zuanic named US MSOs Cresco Labs ( OTCQX:CRLBF ), Green Thumb Industries ( OTCQX:GTBIF ), Trulieve Cannabis ( OTCQX:TCNNF ), and Curaleaf Holdings ( OTCPK:CURLF ) as top picks in his coverage.
• The analyst sees “encouraging medium- and long-term sales trends,” with more states decriminalizing cannabis (New Mexico, New Jersey), soon to begin recreational sales (Rhode Island, Connecticut/New York), or are soon to vote to legalize (Maryland, Missouri) cannabis.
• Other notable gainers include GrowGeneration ( GRWG ) and Ayr Wellness ( OTCQX:AYRWF ).
• Meanwhile, AdvisorShares Pure US Cannabis ( MSOS ) has climbed after four straight sessions of declines. The ETF representing U.S. MSOs has plunged more than 72% over the past 12 months, as shown in this graph.

For further details see: